Allied Critical Metals Inc. reports exploration, technical and corporate developments for its tungsten portfolio in northern Portugal. The Canadian-based mining company is focused on the 100%-owned, past-producing Borralha Tungsten Project and Vila Verde Tungsten Project, with tungsten identified in its releases as a critical metal by the United States, the European Union and NATO.
Recurring updates include Borralha technical reports and preliminary economic assessment disclosures, drilling results from breccia-hosted targets such as Venise and Santa Helena, mineralization observations involving wolframite, molybdenite and chalcopyrite, and project infrastructure discussion. Company news also covers stakeholder engagement through the Social Monitoring and Advisory Committee, equity incentive grants, governance matters and other capital-markets disclosures.
Allied Critical Metals (OTCQB: ACMIF) closed the first tranche of a non-brokered private placement for US$10 million and confirmed a US$15 million project financing facility to fund construction and expenses of its Vila Verde Pilot Plant. The Company issued 6,677,073 shares at $2.05 per share and paid a finder fee including a 5% cash commission plus broker warrants. Allied says the Pilot Plant first phase is expected to be completed in Q4 2026 and that the financing positions the company to be funded into the end of 2027. The remaining US$15 million of the offering is targeted to close by July 17, 2026 subject to due diligence and CSE approval.
Allied Critical Metals (OTCQB: ACMIF) says Minerália, as registered title holder, has established the Social Monitoring and Advisory Committee of the Borralha Mine Project to coordinate stakeholder engagement, monitor social, environmental and economic impacts, and meet Environmental Impact Declaration (DIA) commitments.
The Committee includes municipal, parish, community, farmer, common-land, volunteer fire brigade, and academic representatives and was formed with unanimous participation.
Allied Critical Metals (OTCQB: ACMIF) has applied to list its common shares on the TSX Venture Exchange as a Tier 1 mining issuer and granted equity awards to management and staff.
The listing application is subject to TSX-V review and listing requirements. The company granted 2,500,000 stock options at $2.32 exercise price (five-year term) and 1,000,000 restricted share units, all vesting immediately and subject to a four-month hold period under CSE policies and applicable securities laws.
Allied Critical Metals (OTCQB: ACMIF) announced a U.S.$40 million financing package: U.S.$25 million equity offering and U.S.$15 million project financing to fast‑track the Vila Verde Pilot Plant.
The company says it is fully funded to reach initial production targeting Q4 2026, and secured an off‑take for 50% of pilot production with a 2026 floor price of U.S.$1,000/mtu.
Allied Critical Metals (OTCQB: ACMIF) filed a new technical report titled "Preliminary Economic Assessment – Borralha Tungsten Project" with an effective date of April 14, 2026. The report supports the PEA results for Allied’s 100% owned Borralha Tungsten Project in northern Portugal.
The Technical Report is publicly available on SEDAR+ under Allied’s company profile.
Allied Critical Metals (OTCQB: ACMIF) reported drilling has intersected over 200 metres of breccia-hosted tungsten mineralization at the newly defined Venise Breccia target within its 100%-owned Borralha Tungsten Project in Portugal. Visible wolframite, molybdenite and chalcopyrite were observed; true widths and assays are pending.
The Venise target lies ~400 metres from the Santa Helena Breccia that underpins the company's initial PEA; the result supports a fully funded 20,000-metre drill program aimed at resource growth and mine-life extension.
Allied Critical Metals (OTCQB: ACMIF) amended and clarified its Borralha PEA metrics (March 10, 2026), restating results using North American decimal nomenclature and corrected tables.
Key metrics: after-tax NPV(8%) CAD $473.4M (USD $346.6M), IRR 48.8% at USD $1,000/mtu WO3, 2.2-year payback from commercial production, initial capital ~USD $91.5M, average annual EBITDA USD $104.1M, 11-year mine plan and 20,000 m drill program underway.
Allied Critical Metals (OTCQB: ACMIF) provided expanded metrics from its Borralha PEA (March 9, 2026), reaffirming after-tax NPV(8%) $473.4M (US$346.6M) and IRR 48.8% at US$1,000/mtu WO3. Initial capital ~US$91M, 2.2-year payback from production start, average annual free cash flow ~US$70.5M, and a fully funded 20,000m drill program targeting resource growth.
Allied Critical Metals (OTCQB: ACMIF) appointed the Honourable Marco Mendicino as a Strategic Advisor on March 4, 2026. Mendicino brings two decades of legal, government and public policy leadership, including service as federal Cabinet minister and senior counsel at Cassels, Brock & Blackwell.
The company noted Mendicino will advise on development of its tungsten assets in Portugal and stakeholder engagement with NATO allies and local partners.
Allied Critical Metals (OTCQB: ACMIF) released an initial PEA for the 100%‑owned Borralha tungsten project in Portugal showing robust economics and expansion potential.
Highlights include an after‑tax NPV(8%) of $473.4M and IRR of 48.8% at USD $1,000/mtu WO3, initial capital ~CAD $124.2M (USD $91M), an 11‑year mine plan and a fully funded 20,000‑metre drill program underway.